Alcoa Corp (AA) concluded trading on Wednesday at a closing price of $36.00, with 3.77 million shares of worth about $135.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.40% during that period and on January 08, 2025 the price saw a loss of about -0.66%. Currently the company’s common shares owned by public are about 258.35M shares, out of which, 256.40M shares are available for trading.
Stock saw a price change of -4.71% in past 5 days and over the past one month there was a price change of -15.27%. Year-to-date (YTD), AA shares are showing a performance of -4.71% which increased to 13.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.86 but also hit the highest price of $47.77 during that period. The average intraday trading volume for Alcoa Corp shares is 4.54 million. The stock is currently trading -5.09% below its 20-day simple moving average (SMA20), while that difference is down -13.22% for SMA50 and it goes to -5.15% lower than SMA200.
Alcoa Corp (NYSE: AA) currently have 258.35M outstanding shares and institutions hold larger chunk of about 74.50% of that.
The stock has a current market capitalization of $9.30B and its 3Y-monthly beta is at 2.44. It has posted earnings per share of -$1.75 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AA, volatility over the week remained 4.30% while standing at 3.63% over the month.
Stock’s fiscal year EPS is expected to rise by 137.47% while it is estimated to increase by 363.70% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Argus on October 23, 2024 offering a Buy rating for the stock and assigned a target price of $48 to it. Coverage by B. Riley Securities stated Alcoa Corp (AA) stock as a Buy in their note to investors on October 17, 2024, suggesting a price target of $50 for the stock. On October 01, 2024, BofA Securities Upgrade their recommendations, while on September 25, 2024, JP Morgan Resumed their ratings for the stock with a price target of $36. Stock get an Outperform rating from Wolfe Research on September 04, 2024.
